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Additional News in English | Još vesti na Srpskom | Επιπλέον ειδήσεις στα Ελληνικά |  |
Text |  |
Erste - 15.01.2013
According to local dailies, IDO (Istanbul Fast Ferries), a 50% subsidiary of Akfen Holding, will exit from bus transportation services staring from March 1, 2013. Recall that IDO was providing integrated transportation services providing passengers travelling on its fast ferries with a single bus ticket.
We think the decision will not hurt IDO's financials as we believe the bus services contribution is negligible. Therefore, we deem the news' impact on Akfen shares to be neutral.
Source: bne
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